Warm and below normal rainfall…
By the time this is printed we will be heading towards the political season of a general election, regardless of the outcome we are in the season of change, so what does this mean for our rural lifestyle market here in Canterbury?
The Covid 19 pandemic has changed the world we live in forever. Here in New Zealand we seem to be better placed than most other countries. So what’s the affect been on our local Rural Lifestyle Market (Selwyn, Waimakariri and Hurunui Districts)? Indicators are that we may be in for a period of “normality”, sure the volume of sales* are down slightly year on year as to be expected with an extended lockdown effectively ruling out any transactions. However, post level four prices generally have held or even risen slightly for local rural lifestyle properties. Demand is strong and as typical of this time of year; stocks are low as a few people will have been holding the trigger on property decisions until after winter.
With the improving motorway networks coming on stream into Christchurch from both South and North, one of the major issues identified with country living (time spent travelling) is being mitigated. Our weather experts tell us we’ll probably be slightly warmer during the next few months with below or near normal rain fall, so maybe the same can be said of our lifestyle market, near normal conditions… (*REINZ sales data for Hurunui, Waimakariri, Christchurch, Selwyn and Banks Peninsula District Councils).
Our Canterbury lifestyle properties will be stunning in the coming months as spring growth takes off, and of course this is the busy time of the year when the warmer and longer days provide an impetus for interest in Lifestyle Real Estate.